First Dallas Securities Inc. Reduces Stock Position in International Business Machines Corporation $IBM

First Dallas Securities Inc. decreased its stake in shares of International Business Machines Corporation (NYSE:IBM) by 3.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 12,828 shares of the technology company’s stock after selling 449 shares during the quarter. International Business Machines makes up about 1.5% of First Dallas Securities Inc.’s investment portfolio, making the stock its 15th largest position. First Dallas Securities Inc.’s holdings in International Business Machines were worth $3,781,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Family CFO Inc acquired a new position in shares of International Business Machines during the 2nd quarter valued at about $25,000. SSA Swiss Advisors AG purchased a new position in International Business Machines during the first quarter worth about $28,000. Highline Wealth Partners LLC raised its stake in International Business Machines by 85.0% during the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after purchasing an additional 51 shares during the period. Dagco Inc. acquired a new position in International Business Machines in the 1st quarter valued at about $31,000. Finally, Silicon Valley Capital Partners grew its stake in shares of International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after buying an additional 100 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on IBM shares. JPMorgan Chase & Co. lifted their price target on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. UBS Group upped their price target on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research note on Thursday, October 23rd. Stifel Nicolaus lowered their price target on International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Finally, Sanford C. Bernstein began coverage on International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, International Business Machines currently has an average rating of “Moderate Buy” and a consensus target price of $288.00.

International Business Machines Stock Performance

NYSE IBM opened at $306.64 on Monday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The company has a market cap of $286.63 billion, a P/E ratio of 36.68, a P/E/G ratio of 4.33 and a beta of 0.71. The stock has a 50-day moving average of $279.45 and a two-hundred day moving average of $269.19. International Business Machines Corporation has a 1-year low of $204.07 and a 1-year high of $319.35.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The business had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. During the same quarter in the prior year, the company earned $2.30 earnings per share. The business’s quarterly revenue was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be given a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is currently 80.38%.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.